RUSSIAN Reserves Value Crashes as Pipeline Sales Collapse & LNG Sales Fall Despite Massive Reserves
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Prior to the Invasion of Ukraine RUSSIA was earning $120 Billion income from the sale of Natural Gas. This revenue stream has been devastated by the Sanctions and Pipeline Gas Sales to Europe in 2023 dell by a further 56%. Russia is unable to sell this gas to other countries as it does not have any additional pipelines nor does it have the ability to convert the gas into LGN. In this video I look at Russia’s sales for 2023, what is happening in the gas markets and discuss the possibility that Russia may never be able to monetize the massive gas reserves that it is sitting on.
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